Media coverage about Applied Materials (NASDAQ:AMAT) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Applied Materials earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media stories about the manufacturing equipment provider an impact score of 46.1733301619199 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

Shares of Applied Materials (NASDAQ:AMAT) traded up $0.86 during mid-day trading on Monday, hitting $53.40. 12,977,805 shares of the company were exchanged, compared to its average volume of 10,158,935. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $56,033.23, a P/E ratio of 16.17, a P/E/G ratio of 1.03 and a beta of 1.80. Applied Materials has a 12-month low of $31.66 and a 12-month high of $60.89.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. equities analysts expect that Applied Materials will post 4.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. Applied Materials’s payout ratio is currently 12.62%.

AMAT has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Bank of America boosted their target price on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, November 28th. Credit Suisse Group boosted their price target on shares of Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. Finally, B. Riley restated a “buy” rating and issued a $63.00 price target on shares of Applied Materials in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $60.95.

In related news, VP Thomas F. Larkins sold 30,000 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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About Applied Materials

Insider Buying and Selling by Quarter for Applied Materials (NASDAQ:AMAT)

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